Just as the United States is solely focused on the debt-ceiling crisis, judging by press reports, Israelis seem equally oblivious to foreign policy this week. Protests about a housing shortage have been making quite a ruckus and forcing the government of Prime Minister Benjamin Netanyahu to scramble to deal with the problem. The housing demonstrations–on the heels of other complaints about the price of food–make it appear as if Israel is in dire economic straits. But by all accounts, Israel’s economy is in good shape. Economic growth continues at a steady pace, and the stewardship of the country’s finances by Netanyahu and Finance Minister Yuval Steinitz have been widely praised.
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